Religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation

Nelson Lajuni, and Imbarine Bujang, and Abdul Aziz Karia, and Yusman Yacob, (2018) Religiosity, financial knowledge, and financial behavior influence on personal financial distress among millennial generation. Jurnal Manajemen dan Kewirausahaan, 20 (2). pp. 92-98. ISSN 2338-8234

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Abstract

This study attempts to examine the personal financial distress among Malaysians millennial generation by scrutinizing religiosity, financial knowledge, and financial behavior as the influencing antecedents. The study adopted social learning theory (SLT) to underpin and explain the conceptual framework. The data were collected from millennial generations in Malaysia and analysed using Partial Least Squares Structural Equation Modelling. The findings suggest that all claimed hypotheses were partially supported. Implication and contribution of the study were later discussed to justify the significance of this research. The findings revealed that behavioral traits to have a stronger impact on the incidence of personal financial distress than religiosity or financial knowledge. The results suggested the government should implement policy that could be oriented towards improving the financial habits and mitigating the impact of behavioral characteristics on personal finances.

Item Type: Article
Uncontrolled Keywords: Social learning theory, religiosity, financial knowledge, financial behavior, financial distress
Subjects: H Social Sciences > HG Finance
Divisions: FACULTY > Faculty of Business, Economics and Accounting
Depositing User: Puan Dg Masniah Ahmad
Date Deposited: 08 May 2019 06:28
Last Modified: 19 Apr 2020 15:26
URI: http://eprints.ums.edu.my/id/eprint/21915

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